Common use of Form and Transferability of Trust Preferred Securities Clause in Contracts

Form and Transferability of Trust Preferred Securities. (a) Except as otherwise required by DTC, the Trust Preferred Securities shall be in substantially the form set forth in Exhibit A, with the appropriate insertions, modifications and omissions, as hereinafter provided or as shall be agreed between the Grantor and the Trustee. (b) The Trust Preferred Securities shall be issued in denominations of $[2,000] liquidation amount and whole-number multiples of $[1,000] in excess thereof. All Trust Preferred Securities shall be dated the date of their execution or countersignature. (c) Trust Preferred Securities may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Trust Agreement as may be required by the Trustee or the Grantor or any applicable law or regulation or the rules and regulations of any securities exchange upon which the Trust Preferred Securities may be listed or to conform with any usage with respect thereto. (d) Title to any Trust Preferred Security that is properly endorsed or accompanied by a properly executed instrument of transfer or endorsement shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until the transfer shall be registered on the Register as provided in Section 4.03, the Trust, the Trustee, the Registrar and the Grantor may, notwithstanding any notice to the contrary, treat the Holder thereof at such time as the absolute owner thereof for the purpose of determining the Person entitled to distributions (subject to Section 5.04) or to any notice provided for in this Trust Agreement and for all other purposes. (e) Trust Preferred Securities shall be executed by the Trustee by the manual signature of a duly authorized signatory of the Trustee; provided, however, that such signature may be a facsimile if a Registrar (other than the Trustee) shall have countersigned the Trust Preferred Security by manual signature of a duly authorized signatory of the Registrar. No Trust Preferred Security shall be entitled to any benefit under this Trust Agreement or be valid or obligatory for any purpose unless it shall have been executed as provided in the preceding sentence. The Registrar shall record on the Register each Trust Preferred Security executed as provided above and delivered as hereinafter provided. Trust Preferred Securities bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trustee shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Preferred Securities or did not hold such offices at the date of delivery of such Trust Preferred Securities.

Form and Transferability of Trust Preferred Securities. (a) Except as otherwise required by DTC, the Trust Preferred Securities shall be in substantially the form set forth in Exhibit A, with the appropriate insertions, modifications and omissions, as hereinafter provided or as shall be agreed between the Grantor and the Trustee. (b) The Trust Preferred Securities shall be issued in denominations of $[2,000] liquidation amount and whole-number multiples of $[1,000] in excess thereof. All Trust Preferred Securities shall be dated the date of their execution or countersignature. (c) Trust Preferred Securities may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Trust Agreement as may be required by the Trustee or the Grantor or any applicable law or regulation or the rules and regulations of any securities exchange upon which the Trust Preferred Securities may be listed or to conform with any usage with respect thereto. (d) Title to any Trust Preferred Security that is properly endorsed or accompanied by a properly executed instrument of transfer or endorsement shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until the transfer shall be registered on the Register as provided in Section 4.03, the Trust, the Trustee, the Registrar and the Grantor may, notwithstanding any notice to the contrary, treat the Holder thereof at such time as the absolute owner thereof for the purpose of determining the Person entitled to distributions (subject to Section 5.04) or to any notice provided for in this Trust Agreement and for all other purposes. (e) Trust Preferred Securities shall be executed by the Trustee by the manual signature of a duly authorized signatory officer of the Trustee; provided, however, that such signature may be a facsimile if a Registrar (other than the Trustee) shall have countersigned the Trust Preferred Security by manual signature of a duly authorized signatory officer of the Registrar. No Trust Preferred Security shall be entitled to any benefit under this Trust Agreement or be valid or obligatory for any purpose unless it shall have been executed as provided in the preceding sentence. The Registrar shall record on the Register each Trust Preferred Security executed as provided above and delivered as hereinafter provided. Trust Preferred Securities bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trustee shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Preferred Securities or did not hold such offices at the date of delivery of such Trust Preferred Securities.

Form and Transferability of Trust Preferred Securities. (a) Except as otherwise required by DTC, the Trust Preferred Securities shall be in substantially the form set forth in Exhibit A, with the appropriate insertions, modifications and omissions, as hereinafter provided or as shall be agreed between the Grantor and the Trusteeprovided. (b) The Trust Preferred Securities shall be issued in denominations of $[2,000] 1,000 liquidation amount and whole-number multiples of $[1,000] in excess thereof. All Trust Preferred Securities shall be dated the date of their execution or countersignature. (c) Trust Preferred Securities may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Trust Agreement as may be required by the Trustee or the Grantor or any applicable law or regulation or the rules and regulations of any securities exchange upon which the Trust Preferred Securities may be listed or to conform with any usage with respect thereto. (d) Title to any Trust Preferred Security that is properly endorsed or accompanied by a properly executed instrument of transfer or endorsement shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until the transfer shall be registered on the Register as provided in Section 4.03, the Trust, the Trustee, the Registrar and the Grantor may, notwithstanding any notice to the contrary, treat the Holder thereof at such time as the absolute owner thereof for the purpose of determining the Person entitled to distributions (subject to Section 5.04) or to any notice provided for in this Trust Agreement and for all other purposes. (e) Trust Preferred Securities shall be executed by the Trustee by the manual signature of a duly authorized signatory of the Trustee; , provided, however, that such signature may be a facsimile if a Registrar (other than the Trustee) shall have countersigned the Trust Preferred Security by manual signature of a duly authorized signatory of the Registrar. No Trust Preferred Security shall be entitled to any benefit under this Trust Agreement or be valid or obligatory for any purpose unless it shall have been executed as provided in the preceding sentence. The Registrar shall record on the Register each Trust Preferred Security Securities executed as provided above and delivered as hereinafter provided. Trust Preferred Securities bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trustee shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Preferred Securities or did not hold such offices at the date of delivery of such Trust Preferred Securities.

Form and Transferability of Trust Preferred Securities. (a) Except as otherwise required by DTC, the Trust Preferred Securities shall be in substantially the form set forth in Exhibit A, with the appropriate insertions, modifications and omissions, as hereinafter provided or as shall be agreed between the Grantor and the Trusteeprovided. (b) The Trust Preferred Securities shall be issued in denominations of $[2,000] 25 liquidation amount and whole-number multiples of $[1,000] in excess thereof25. All Trust Preferred Securities shall be dated the date of their execution or countersignature. (c) Trust Preferred Securities may be endorsed with or have incorporated in the text thereof such legends or recitals or changes not inconsistent with the provisions of this Trust Agreement as may be required by the Trustee or the Grantor or any applicable law or regulation or the rules and regulations of any securities exchange upon which the Trust Preferred Securities may be listed or to conform with any usage with respect thereto. (d) Title to any Trust Preferred Security that is properly endorsed or accompanied by a properly executed instrument of transfer or endorsement shall be transferable by delivery with the same effect as in the case of a negotiable instrument; provided, however, that until the transfer shall be registered on the Register as provided in Section 4.03, the Trust, the Trustee, the Registrar and the Grantor may, notwithstanding any notice to the contrary, treat the Holder thereof at such time as the absolute owner thereof for the purpose of determining the Person entitled to distributions (subject to Section 5.04) or to any notice provided for in this Trust Agreement and for all other purposes. (e) Trust Preferred Securities shall be executed by the Trustee by the manual signature of a duly authorized signatory of the Trustee; , provided, however, that such signature may be a facsimile if a Registrar (other than the Trustee) shall have countersigned the Trust Preferred Security by manual signature of a duly authorized signatory of the Registrar. No Trust Preferred Security shall be entitled to any benefit under this Trust Agreement or be valid or obligatory for any purpose unless it shall have been executed as provided in the preceding sentence. The Registrar shall record on the Register each Trust Preferred Security Securities executed as provided above and delivered as hereinafter provided. Trust Preferred Securities bearing the signatures of individuals who were, at the time when such signatures shall have been affixed, authorized to sign on behalf of the Trustee shall be validly issued notwithstanding that such individuals or any of them shall have ceased to be so authorized prior to the delivery of such Trust Preferred Securities or did not hold such offices at the date of delivery of such Trust Preferred Securities.